Brokerages Set Acadia Healthcare Company, Inc. (NASDAQ:ACHC) PT at $87.56

Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) have been assigned an average rating of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $87.44.

A number of brokerages have issued reports on ACHC. Mizuho cut their price target on shares of Acadia Healthcare from $84.00 to $70.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $94.00 price target on shares of Acadia Healthcare in a report on Wednesday, May 22nd. Bank of America lowered their price target on Acadia Healthcare from $105.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Barclays lowered their price target on Acadia Healthcare from $89.00 to $83.00 and set an “overweight” rating for the company in a report on Thursday, August 1st. Finally, TD Cowen decreased their price objective on Acadia Healthcare from $101.00 to $91.00 and set a “buy” rating for the company in a report on Friday, May 17th.

Institutional Investors Weigh In On Acadia Healthcare

Several large investors have recently modified their holdings of the stock. Arizona State Retirement System raised its stake in shares of Acadia Healthcare by 2.1% during the second quarter. Arizona State Retirement System now owns 25,874 shares of the company’s stock worth $1,748,000 after purchasing an additional 531 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Acadia Healthcare by 2.9% during the second quarter. Victory Capital Management Inc. now owns 268,264 shares of the company’s stock worth $18,119,000 after purchasing an additional 7,467 shares during the last quarter. Natixis Advisors LLC raised its position in Acadia Healthcare by 43.9% in the second quarter. Natixis Advisors LLC now owns 175,895 shares of the company’s stock worth $11,879,000 after acquiring an additional 53,690 shares in the last quarter. nVerses Capital LLC purchased a new position in Acadia Healthcare in the second quarter worth $95,000. Finally, Commonwealth Equity Services LLC raised its position in Acadia Healthcare by 3.5% in the second quarter. Commonwealth Equity Services LLC now owns 7,595 shares of the company’s stock worth $513,000 after acquiring an additional 257 shares in the last quarter.

Acadia Healthcare Trading Down 1.9 %

Shares of ACHC opened at $71.02 on Tuesday. The firm’s fifty day moving average is $67.38 and its two-hundred day moving average is $73.52. The company has a quick ratio of 1.27, a current ratio of 1.18 and a debt-to-equity ratio of 0.60. The stock has a market cap of $6.59 billion, a PE ratio of -507.25, a price-to-earnings-growth ratio of 2.21 and a beta of 1.32. Acadia Healthcare has a 52-week low of $62.04 and a 52-week high of $87.77.

Acadia Healthcare (NASDAQ:ACHC) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. The firm had revenue of $796.00 million for the quarter, compared to analyst estimates of $784.38 million. Acadia Healthcare had a negative net margin of 0.17% and a positive return on equity of 11.42%. Acadia Healthcare’s revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 EPS. Research analysts forecast that Acadia Healthcare will post 3.51 earnings per share for the current fiscal year.

About Acadia Healthcare

Acadia Healthcare Company, Inc provides behavioral healthcare services in the United States and Puerto Rico. The company develops and operates acute inpatient psychiatric facilities, specialty treatment facilities comprising residential recovery facilities and eating disorder facilities, comprehensive treatment centers, and residential treatment centers, as well as facilities offering outpatient behavioral healthcare services for the behavioral healthcare and recovery needs of communities.